ORDI and Meme Moguls are both viable investment options, but which one will yield a greater return? This article analyzes the utility of each investment and assesses its potential for growth. Before we begin, it’s important to note that Meme Moguls is currently in its presale phase, which presents an opportunity for early investors to get in on the ground floor of a project predicted to climb 10,000% in 2024. Let’s start here first.
Meme Moguls (MGLS): Capitalizing on the Global Meme Phenomenon
With the rise of internet culture, it’s no surprise that memes have become a global phenomenon. But what many people don’t realize is that memes have the potential to be more than just a form of online entertainment.
Meme Moguls is creating a P2E game where these digital assets can be bought, sold, and traded. The goal is to identify the most popular and valuable memes and allow users to invest in them, just like on the stock market. The best traders get rewarded with MGLS tokens and other meme0based assets that can be used in-game or sold on the marketplace.
— Meme Moguls (@meme_moguls) December 8, 2023
The MGLS token sits central to the platform, serving as a medium of exchange and providing holders exclusive benefits. These include early access to new features, governance rights, and the ability to stake tokens for passive income. They are selling for $0.0023 during phase 2 of the ongoing presale.
Analysts note that Meme Moguls is at the forefront of a new P2E model that blends humor, virality, and investment. They would not be surprised if the price of MGLS surges by 100x as the bull market continues and memes become more ingrained in our daily lives.
This means that Meme Moguls looks highly likely to outperform ORDI regarding growth potential. While ORDI represents an exciting asset class, the $1 billion market cap is head and shoulders above the $6.3 million market cap of Meme Moguls.
The memecoin market is the biggest category within crypto, with a total market cap of $24 billion at the time of writing. This indicates that Meme Moguls could potentially offer higher returns on investment in the long run.
ORDI: A Revolutionary New Technology
The Bitcoin blockchain, regarded as the gold standard of cryptocurrencies, has witnessed a groundbreaking development with the creation of the BRC-20 token standard. Anonymous developer Domo invented this new technology, and it finally made it possible to create tokens on top of the Bitcoin protocol.
BRC-20 tokens are called Ordinals, and ORDI is the first Ordinal to be created. So while there are thousands of Ordinal tokens now on the market, ORDI has first mover advantage and the recognition of being the original.
However, not everyone in the Bitcoin community appreciates these new developments. Some purists argue that Bitcoin should remain a digital cold, not be “cluttered” with these new inventions. But it’s hard to ignore the potential of ORDI and Ordinal tokens.
High How Can ORDI Grow in 2024?
The ORDI market journey has been nothing short of spectacular. Starting at $3.26 in mid-October, ORDI experienced a dramatic surge to reach over $69 in December. Although it has since adjusted to $47.81, the trajectory of ORDI remains a topic of keen interest.
Analysts note that it is hard to predict the growth potential of such a new technology but that the overall outlook for ORDI remains bullish. ORDI is the first Ordinal, so will always hold some value, regardless of whether BRC-20 tokens see adoption or not.
The current price of $47.81 represents a fully diluted valuation of $1 billion. While this may seem like a high price for a token with no tangible assets, it must be remembered that ORDI is a legacy coin in an entirely new market. Analysts predict a token price of $500 and a market cap of over $10 billion in 2024.